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TMI BlogThe Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun Jaitley, has noted that as India had a large trade deficit in the first quarterX X X X Extracts X X X X X X X X Extracts X X X X ..... The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun Jaitley, has noted that as India had a large trade deficit in the first quarter X X X X Extracts X X X X X X X X Extracts X X X X ..... Release X X X X Extracts X X X X X X X X Extracts X X X X ..... the first quarter, negative market perceptions led to sharper outflows in the foreign institutional investors (FIIs) investment debt segment, leading to 13.0 per cent depreciation of the rupee between ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... May 2013 and August 2013. The government swiftly moved to correct the situation through restrictions on non-essential imports like gold, custom duty hike in gold and silver to a peak of 10 per cent, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and measures to augment capital flows through quasi-sovereign bonds and liberalization of external commercial borrowings. The RBI also put in place a special swap window for foreign currency non-resi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dent deposit (banks) [(FCNR (B)] and banks' overseas borrowings through which US$ 34 billion was mobilized. The one-off flows arrested the negative market sentiments on the rupee and, in tandem with i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mprovements in the BoP position, led to a sharp correction in the exchange rate and a net accretion to reserves in 2013-14. X X X X Extracts X X X X X X X X Extracts X X X X
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